Quick take: Ta Win rises in active trade on global EV participation

KUALA LUMPUR: Shares in Ta Win Holdings Bhd are seeing some upside on the back of news that it was entering the global electric vehicles (EV) market.

It was announced yesterday that its subsidiary had been appointed a vendor in the global automotive supply chain by a New York Stock Exchange-listed company.

The share rose as much as 1.5 sen or 3.5% to an intra-morning high of 44.5 sen before easing lower.

At 9.30am, the counter was up 0.5 sen to 52.5 sen a piece with 53.9 million shares traded.

In a statement on Tuesday, Ta Win said its unit Cyprium Wire Technology Sdn Bhd (CWT) received a global vendor agreement from international technology and mobility company, Aptiv plc.

It said the agreement would see CWT utilising its innovative electron beam irradiation technology to manufacture cables and automotive components for Aptiv.

“Enabling us to develop a strong procurement relationship with Aptiv, this opens up vast prospects for CWT by tapping into Aptiv’s global business presence across 44 countries, with clientele that include 23 of the 25 largest automotive original equipment manufacturers in the world, including BMW, General Motors (GM), Stellantis NV, Toyota, Tesla and Volkswagen,” said group managing director Datuk Seri Ngu Tieng Ung.
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